Abstract
Summary
The global market for food coating equipment is estimated to be valued at USD 5.7 Billion in 2023 and is projected to reach USD 7.7 Billion by 2028, at a CAGR of 6.3% during the forecast period, and the food coating ingredient market is estimated to be valued at USD 3.6 billion in 2023 and is projected to reach USD 4.9 billion by 2028, at a CAGR of 6.2% from 2023 to 2028. The market for food coating equipment market is exhibiting strong growth with the rising trend of convenience, bakery, and poultry food consumption, globally, resulting in the growing demand for food coating equipment. The food coating equipment market is dominated by Asia Pacific due to the high consumption of processed food and the demand for various nutritional, non-GMO products, leading to higher usage of health-promoting ingredients in food products. Further, the rise in demand for food coating equipment has been supported by the rise in disposable income and rapid urbanization in developing countries such as India, Japan, and China.
Semi-Automatic sub-segment in by mode of operation segment is estimated to grow at the fastest CAGR during the forecast period.
Semi-automatic equipment requires the inclusion of labor to carry out production. Unlike fully automatic equipment which requires high capital investment, semi-automatic equipment enables small- and medium-scale manufacturers to support their production plans without compromising significantly on production efficiency. Developing countries such as India, Vietnam, Indonesia, and China have several small and medium manufacturers of coated food who utilize semi-automated equipment. However, with the advancement in technologies and the ease of operation provided by fully automatic systems, the market size for semi-automatic systems is comparatively lower than that of the former. The semi-automatic equipment process involves machine operations as well as manual operations. Unlike fully automatic equipment that requires high capital investment, semi-automatic equipment enables small- and medium-scale manufacturers to support high yield with consistent quality without compromising production efficiency. It provides manufacturers with limited capital capacity and a cost-effective solution. Semi-automated equipment is used in combination with automated machines. However, developed countries opt for fully automated machines to avoid the usage of expensive workforce. A majority of food manufacturers in developing countries such as India, Vietnam, Indonesia, and China utilize semi-automatic equipment.
Coaters & Applicators dominated the market for food coating and was valued the largest at USD 4,661.2 million in 2022.
The increased demand for healthier snack products, such as frozen breaded meat products, seasoned veggie chips with specialty flavors, and premium confectionery products enrobed with chocolate, will present opportunities for the growth of food coating equipment. Smooth, accurate, and efficient coating is achieved using coating equipment in the food industry. This helps manufacturers with efficient production management. The coating process is implemented by a complex assembly of dedicated equipment: a conveyor, tumbler, feeder, and pump. Although base designs readily exist on the market, they often need to be adapted to cope with the required specifications. The installed process is expected to meet the required quality (function, dosage, and homogeneity) and quantity (capacity, saving). Because of the nature of the process, it faces specific challenges in minimizing the causes of downtime, for example, clogging, pollution, cleaning, and recipe changeover time. Companies that offer coating systems for the food industry include GEA Group, Marel, Bühler, Nordson Corporation, TNA Australia Solutions, and JBT Corporation.
Asia Pacific accounted for the largest market in 2022, in food coating equipment and is projected to witness the growth of 6.5% CAGR during the forecast period.
The increasing buying parity of new and premium food products along with growing consumer preference for healthy and ready-to-eat products are some of the major factors driving the growth of the food coating ingredients market. Further, the food coating ingredients and food processing industries in the Asia Pacific region have developed because of the increasing investment from ingredient, product, and equipment manufacturers, diversification of the economy, and increasing government support to food manufacturers in this region. Industrialization policies (such as foreign direct investment and establishment of Export Processing Zones) adopted by governments of developing economies, along with the increase in the number of business deals such as mergers, acquisitions, and investments, have driven the food processing industry and are expected to further contribute to the food coating market growth. The Asia Pacific region largely comprises small- & medium-scale equipment manufacturers who offer semi-automatic coating equipment. The growing demand from various end-use applications in China, India, Indonesia, and other Asian countries is driving the growth of the coating equipment market in the region.
North America accounted for the largest market in 2022, in food coating ingredient and is projected to witness the growth of 5.9% CAGR during the forecast period.
The food coating market in North America is experiencing robust growth, driven by various factors. A significant driver is the escalating demand for convenience foods, which stems from evolving lifestyles and increasingly busy schedules. Consumers are actively seeking ready-to-eat or easy-to-prepare food options that align with their time constraints. Food coatings play a pivotal role in enhancing the appeal of convenience foods by adding layers of flavor and texture. Furthermore, these coatings aid in preserving product freshness and quality during transportation and storage, thereby contributing to their popularity in the market.
The break-up of the profile of primary participants in the food coating market:
By Company Type: Tier 1- 30%, Tier 2– 45%, Tier 3 - 25%
By Designation: CXOs – 25%, Managers – 50%, and Executives- 25%
By Region: North America – 25%, Europe – 25%, Asia Pacific -40%, RoW - 10%
Prominent companies include Archer Daniels Midland (US), DSM (The Netherland), Cargill (US), Kerry Group (Ireland), Ingredion Incorporated (US), Marel (Ireland), GEA Group (Germany) and others.
Research Coverage:
This research report categorizes the food coating market by Ingredient Type (Batter, Flours, Cocoa & chocolate, fats & Oils, Breaders, Batter, Sugars & Syrups, Salts, Spices & Seasonings, Others), by Application (Bakery products, Snacks, Breakfast Cereals, Confectionery Products, Meat & seafood Products), by Equi pment Type (Coaters & Applicators, Enrobers), by Form (Dry, Liquid), and by Mode of Operation (Automatic, semi-Automatic) and region (North America, Europe, Asia pacific, South America, RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the food coating market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products, and services; key strategies; contracts, partnerships, agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the food coating market. Competitive analysis of upcoming startups in the food coating market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall food coating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Growing food processing in meat, bakery, snacks, and breakfast cereal), restraints (shift towards fresh foods), opportunities (Growing investment opportunities in the development of new food coating technology), and challenges (Infrastructural and regulatory challenges in developing countries) influencing the growth of the food coating market.
• Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the food coating market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the food coating market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the food coating market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Archer Daniels Midland (US), and DSM (The Netherland), Cargill (US), Kerry Group (Ireland), Ingredion Incorporated (US), Marel (Ireland), GEA Group (Germany)g others in the food coating market strategies.
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKET SEGMENTATION 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 REGIONS COVERED 34
1.4 YEARS CONSIDERED 35
1.5 CURRENCY CONSIDERED 35
1.6 UNITS CONSIDERED 36
1.7 STAKEHOLDERS 36
1.8 SUMMARY OF CHANGES 37
1.9 RECESSION IMPACT ANALYSIS 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
2.1.1 SECONDARY DATA 39
- 2.1.1.1 Key data from secondary sources 39
2.1.2 PRIMARY DATA 39
- 2.1.2.1 Key data from primary sources 40
- 2.1.2.2 Breakdown of primaries 40
- 2.1.2.3 Key primary insights 41
2.2 MARKET SIZE ESTIMATION 42
2.2.1 APPROACH ONE: BOTTOM-UP (BASED ON INGREDIENT TYPE, BY REGION) 42
2.2.2 APPROACH TWO: TOP-DOWN (INGREDIENT-BASED GLOBAL MARKET) 43
2.3 DATA TRIANGULATION 44
2.4 RESEARCH ASSUMPTIONS 45
2.5 LIMITATIONS AND RISK ASSESSMENT 46
2.6 RECESSION IMPACT ANALYSIS 46
2.7 STUDY ASSUMPTIONS 47
3 EXECUTIVE SUMMARY 48
4 PREMIUM INSIGHTS 55
4.1 OPPORTUNITIES FOR PLAYERS IN FOOD COATING INGREDIENTS MARKET 55
4.2 OPPORTUNITIES FOR PLAYERS IN FOOD COATING EQUIPMENT MARKET 56
4.3 ASIA PACIFIC: FOOD COATING EQUIPMENT MARKET, BY KEY EQUIPMENT TYPE AND COUNTRY 56
4.4 NORTH AMERICA: FOOD COATING INGREDIENTS MARKET, BY KEY INGREDIENT TYPE AND COUNTRY 57
4.5 FOOD COATING INGREDIENTS MARKET, BY INGREDIENT TYPE AND REGION 58
4.6 FOOD COATING EQUIPMENT MARKET: MAJOR REGIONAL SUBMARKETS 59
4.7 FOOD COATING INGREDIENTS MARKET: MAJOR REGIONAL SUBMARKETS 59
5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 MACROECONOMIC INDICATORS 60
5.2.1 RISING DEMAND FOR FUNCTIONAL FOODS 60
5.2.2 INCREASING HEALTH AWARENESS AND GROWING HEALTH CONCERNS 61
5.3 MARKET DYNAMICS 62
5.3.1 DRIVERS 62
- 5.3.1.1 Rising consumption of processed food 62
- 5.3.1.2 Rising demand for processed, prepared, and convenience food 63
- 5.3.1.3 Increased focus on production efficiency, processing time, and quality of food products 64
5.3.2 RESTRAINTS 64
- 5.3.2.1 Rising cost of production due to fluctuating price of ingredients 64
- 5.3.2.2 Shift in consumer preference toward fresh food 65
5.3.3 OPPORTUNITIES 66
- 5.3.3.1 Growing investment opportunities to develop new food coating technologies 66
5.3.4 CHALLENGES 66
- 5.3.4.1 Infrastructural and regulatory challenges in emerging economies 66
6 INDUSTRY TRENDS 67
6.1 INTRODUCTION 67
6.2 TARIFF AND REGULATORY LANDSCAPE 68
6.2.1 REGULATORY BODIES, GOVERNMENT AGENCIES, & OTHER ORGANIZATIONS 68
6.3 REGULATORY FRAMEWORK 70
6.3.1 PERMISSIBLE LIMITS FOR USE OF FOOD ADDITIVES 70
- 6.3.1.1 Preservatives 70
6.3.2 ANTI-CAKING 70
- 6.3.2.1 FDA regulations 70
- 6.3.2.2 European regulations 71
- 6.3.2.3 Sweeteners 71
- 6.3.2.4 Colors 71
6.3.3 NORTH AMERICA 71
- 6.3.3.1 US 71
- 6.3.3.2 Canada 78
- 6.3.3.3 Mexico 79
6.3.4 EUROPE 80
- 6.3.4.1 France 81
- 6.3.4.2 Italy 82
6.3.5 ASIA PACIFIC 82
- 6.3.5.1 Australia 82
- 6.3.5.2 Japan 83
- 6.3.5.3 Australia & New Zealand 83
6.3.6 SOUTH AMERICA 84
- 6.3.6.1 Brazil 84
- 6.3.6.2 Argentina 85
- 6.3.6.3 Rest of South America 85
6.3.7 MIDDLE EAST 86
- 6.3.7.1 UAE 86
6.4 PATENT ANALYSIS 86
6.5 SUPPLY CHAIN ANALYSIS 90
6.6 VALUE CHAIN ANALYSIS 91
6.6.1 RESEARCH AND PRODUCT DEVELOPMENT 92
6.6.2 RAW MATERIAL SOURCING 92
6.6.3 LOGISTICS & DISTRIBUTION 92
6.6.4 MARKETING & SALES 92
6.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 93
6.8 ECOSYSTEM ANALYSIS 94
6.9 TRADE ANALYSIS 95
6.10 AVERAGE PRICE ANALYSIS 101
6.11 TECHNOLOGY ANALYSIS 102
6.11.1 NANOCOMPOSITES 102
6.11.2 EDIBLE BIOPOLYMER FOOD COATING WITH NANOCURCUMIN AND HONEY 102
6.12 CASE STUDIES 103
6.12.1 KERRY’S TEAM IDENTIFIED MOST UP-TO-DATE ARTISAN BAKERY TRENDS AND EXPLORED MARKET AND CONSUMER INSIGHTS 103
6.12.2 KERRY TRENDSPOTTER HELPED SNACK MANUFACTURER CREATE NEW SNACK FLAVORS WITH ARTIFICIAL INTELLIGENCE 103
6.13 PORTER’S FIVE FORCES ANALYSIS 104
6.13.1 INTENSITY OF COMPETITIVE RIVALRY 104
6.13.2 BARGAINING POWER OF SUPPLIERS 105
6.13.3 BARGAINING POWER OF BUYERS 105
6.13.4 THREAT OF SUBSTITUTES 106
6.13.5 THREAT OF NEW ENTRANTS 106
6.14 KEY STAKEHOLDERS AND BUYING CRITERIA 107
6.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 107
6.14.2 BUYING CRITERIA 108
6.15 KEY CONFERENCES & EVENTS, 2023-2024 109
7 FOOD COATING MARKET, BY APPLICATION 110
7.1 INTRODUCTION 111
7.2 FOOD COATING INGREDIENTS MARKET, BY APPLICATION 112
7.2.1 MEAT & SEAFOOD PRODUCTS 112
- 7.2.1.1 Rising preference for flavorful and aromatic meat and seafood to drive market for food coating ingredients 112
7.2.2 CONFECTIONERY PRODUCTS 114
- 7.2.2.1 Growing preference for healthy snacking to drive growth of food coating ingredients market for confectionery products 114
7.2.3 BAKERY PRODUCTS 115
- 7.2.3.1 Popularity of chocolate-coated confectionery to drive adoption of food coating ingredients in bakery products 115
7.2.4 BREAKFAST CEREALS 116
- 7.2.4.1 Rising preference for healthy products to boost consumption of sugar-coated cereals 116
7.2.5 SNACKS 117
- 7.2.5.1 Demand for convenient and ultra-processed food products to fuel market for coating ingredients for snacks 117
7.3 FOOD COATING EQUIPMENT MARKET, BY APPLICATION 119
7.3.1 MEAT & SEAFOOD PRODUCTS 120
- 7.3.1.1 Increasing consumption of processed and frozen meat & seafood meal products to drive food coating equipment market 120
7.3.2 CONFECTIONERY PRODUCTS 121
- 7.3.2.1 Demand for processed and premium bakery products to propel market for food coating equipment for confectionery products 121
7.3.3 BAKERY PRODUCTS 123
- 7.3.3.1 Growing need for bakeries to gain control over liquid flow to drive adoption of food coating equipment in bakery industry 123
7.3.4 BREAKFAST CEREALS 124
- 7.3.4.1 Automated processing lines curated by dairy and breakfast cereal product manufacturers to drive market for food coating equipment for breakfast cereals 124
7.3.5 SNACKS 125
- 7.3.5.1 Rapid shift in consumer demand toward convenience food products to drive market for food coating equipment for snacks 125
8 FOOD COATING MARKET, BY EQUIPMENT TYPE 127
8.1 INTRODUCTION 128
8.2 COATERS & APPLICATORS 129
8.2.1 INCREASE IN DEMAND FOR HEALTHIER SNACKS AND PREMIUM-COATED CONFECTIONERY PRODUCTS TO DRIVE MARKET 129
8.2.2 BREADING APPLICATORS 131
- 8.2.2.1 Increasing demand for crunchy products to drive growth of breaded applicators 131
8.2.3 FLOUR APPLICATORS 132
- 8.2.3.1 Rising demand for flexible flour applicators to drive market 132
8.2.4 BATTER APPLICATORS 133
- 8.2.4.1 Popularity of sophisticated foods and diverse fried foods to drive demand for battering applicators 133
8.2.5 SEASONING APPLICATORS 134
- 8.2.5.1 Growing demand for different types of snacks to drive use of seasoning applicators 134
8.2.6 OTHER COATERS & APPLICATORS 135
8.3 ENROBERS 136
8.3.1 NEED FOR EVENLY COATED BUTTER TO DRIVE USE OF ENROBERS IN CONFECTIONERY 136
9 FOOD COATING MARKET, BY INGREDIENT FORM 138
9.1 INTRODUCTION 139
9.2 DRY 140
9.2.1 GROWING CONSUMPTION OF PROCESSED FOODS TO DRIVE MARKET FOR DRY COATING INGREDIENTS 140
9.3 LIQUID 141
9.3.1 UNIFORMITY AND ACCURATE DOSING OF LIQUID FOOD COATING INGREDIENTS TO DRIVE MARKET 141
10 FOOD COATING MARKET, BY INGREDIENT TYPE 143
10.1 INTRODUCTION 144
10.2 COCOA & CHOCOLATE 147
10.2.1 RISING PREFERENCE FOR ASSORTED CHOCOLATE TO DRIVE USE OF COCOA AND CHOCOLATE AS COATING INGREDIENTS 147
10.3 FATS & OILS 149
10.3.1 LOW COST OF FATS & OILS TO DRIVE THEIR USE AS COATING INGREDIENTS IN BISCUITS AND COOKIES 149
10.4 FLOURS 150
10.4.1 RISING CASES OF GLUTEN-INTOLERANCE TO DRIVE USE OF GLUTEN-FREE FLOURS AS COATING AGENTS 150
10.5 BREADERS 152
10.5.1 DEMAND FOR IMPROVED TEXTURE OF BREADERS TO DRIVE THEIR USE AS COATING AGENTS IN BURGER PATTIES 152
10.6 BATTER 154
10.6.1 POPULARITY OF HEALTHY FRIED FOOD TO DRIVE MARKET FOR BATTER AS COATING AGENT 154
10.7 SUGARS & SYRUPS 155
10.7.1 POPULARITY OF AESTHETICS IN BAKERY AND CONFECTIONERY TO DRIVE USE OF SUGARS & SYRUPS AS COATING AGENTS 155
10.8 SALTS, SPICES, AND SEASONINGS 157
10.8.1 DEMAND FOR APPEALING FLAVORS IN FOOD PRODUCTS TO BOOST MARKET FOR SALTS, SPICES, AND SEASONINGS 157
10.9 OTHER INGREDIENT TYPES 158
11 FOOD COATING MARKET, BY MODE OF OPERATION 161
11.1 INTRODUCTION 162
11.2 AUTOMATIC 163
11.2.1 ACCURACY AND EFFICIENCY OF AUTOMATIC FOOD COATING EQUIPMENT TO DRIVE MARKET 163
11.3 SEMI-AUTOMATIC 164
11.3.1 NEED FOR LOW INSTALLATION AND MAINTENANCE COSTS TO FUEL MARKET FOR SEMI-AUTOMATIC FOOD COATING EQUIPMENT 164
12 FOOD COATING MARKET, BY REGION 166
12.1 INTRODUCTION 167
12.2 NORTH AMERICA 170
12.2.1 NORTH AMERICA: RECESSION IMPACT 172
12.2.2 FOOD COATING INGREDIENTS MARKET 174
- 12.2.2.1 US 178
- 12.2.2.1.1 Export opportunities for cereals and snacks to drive food coating ingredients market 178
- 12.2.2.2 Canada 179
- 12.2.2.2.1 Growing food processing industry to drive food coating ingredients market 179
- 12.2.2.3 Mexico 180
- 12.2.2.3.1 Rising demand for convenient and ready-to-eat packaged food due to rapid urbanization to drive food coating ingredients market 180
- 12.2.2.1 US 178
12.2.3 FOOD COATING EQUIPMENT MARKET 182
- 12.2.3.1 US 185
- 12.2.3.1.1 Regulatory compliance and innovation to drive food processing & coating machinery market 185
- 12.2.3.2 Canada 186
- 12.2.3.2.1 Growing consumer preference for coated food products to drive demand for food coating equipment 186
- 12.2.3.3 Mexico 187
- 12.2.3.3.1 Increase in middle-class population and shift in dietary preferences to drive food coating equipment market 187
- 12.2.3.1 US 185
12.3 ASIA PACIFIC 188
12.3.1 ASIA PACIFIC: RECESSION IMPACT 189
12.3.2 FOOD COATING INGREDIENTS MARKET 191
- 12.3.2.1 China 195
- 12.3.2.1.1 Rise in consumption of bakery products to boost demand for coating ingredients 195
- 12.3.2.2 Japan 196
- 12.3.2.2.1 Changes in lifestyle to result in high demand for food coating ingredients 196
- 12.3.2.3 Australia & New Zealand 198
- 12.3.2.3.1 Increased demand for processed food to drive food coating ingredients market 198
- 12.3.2.4 India 199
- 12.3.2.4.1 Growth in confectionery industry due to rising per capita income to drive growth 199
- 12.3.2.5 Rest of Asia Pacific 200
- 12.3.2.1 China 195
12.3.3 FOOD COATING EQUIPMENT MARKET 201
- 12.3.3.1 China 205
- 12.3.3.1.1 Increasing demand for processed meat and seafood to drive food coating equipment market 205
- 12.3.3.2 Japan 205
- 12.3.3.2.1 Growth in bakery industry due to changing lifestyle to drive food coating equipment market 205
- 12.3.3.3 Australia & New Zealand 206
- 12.3.3.3.1 Growing industrial production of processed food and meat to propel demand for food coating equipment 206
- 12.3.3.4 India 207
- 12.3.3.4.1 Rising demand for processed food to drive growth of coating equipment market 207
- 12.3.3.5 Rest of Asia Pacific 208
- 12.3.3.1 China 205
12.4 EUROPE 209
12.4.1 EUROPE: RECESSION IMPACT 210
12.4.2 FOOD COATING INGREDIENTS MARKET 212
- 12.4.2.1 UK 215
- 12.4.2.1.1 Increasing demand for coated snacks to drive food coating ingredients market 215
- 12.4.2.2 Germany 216
- 12.4.2.2.1 Popularity of chocolate-coated products to drive demand for cocoa as food coating ingredient 216
- 12.4.2.3 France 218
- 12.4.2.3.1 Culinary heritage of France to drive growth of food coating ingredients market 218
- 12.4.2.4 Netherlands 219
- 12.4.2.4.1 Increasing demand for cocoa and cocoa products to drive market for food coatings 219
- 12.4.2.5 Italy 220
- 12.4.2.5.1 Bakery and pastry industries to drive market for food coating ingredients 220
- 12.4.2.6 Rest of Europe 222
- 12.4.2.1 UK 215
12.4.3 FOOD COATING EQUIPMENT MARKET 223
- 12.4.3.1 Germany 226
- 12.4.3.1.1 Growing demand for healthy food to drive adoption of food coating equipment 226
- 12.4.3.2 UK 227
- 12.4.3.2.1 Rising innovation in food industry to drive market for food coating equipment 227
- 12.4.3.3 France 228
- 12.4.3.3.1 Rising demand for coated snacks, convenience meals, and ready-to-eat items to drive food coating equipment market 228
- 12.4.3.4 Netherlands 229
- 12.4.3.4.1 Increasing innovation in food production processes to encourage use of food coating equipment 229
- 12.4.3.5 Italy 230
- 12.4.3.5.1 Rising consumption of ready-to-eat food to encourage adoption of food coating ingredients for food production 230
- 12.4.3.6 Rest of Europe 231
- 12.4.3.1 Germany 226
12.5 SOUTH AMERICA 231
12.5.1 SOUTH AMERICA: RECESSION IMPACT 232
12.5.2 FOOD COATING INGREDIENTS MARKET 233
- 12.5.2.1 Brazil 237
- 12.5.2.1.1 Increasing population and shifting consumer preferences to drive adoption of food coating ingredients in food industry 237
- 12.5.2.2 Argentina 238
- 12.5.2.2.1 Demand for convenience and processed meals to drive market for food coating ingredients 238
- 12.5.2.3 Rest of South America 239
- 12.5.2.1 Brazil 237
12.5.3 FOOD COATING EQUIPMENT MARKET 240
- 12.5.3.1 Brazil 243
- 12.5.3.1.1 Growing demand for hygienic, nutrient-dense, and time-saving food solutions to drive market for food coating equipment 243
- 12.5.3.2 Argentina 244
- 12.5.3.2.1 Growing food processing industry to drive market for food coating equipment 244
- 12.5.3.3 Rest of South America 245
- 12.5.3.1 Brazil 243
12.6 REST OF THE WORLD 246
12.6.1 ROW: RECESSION IMPACT 246
12.6.2 FOOD COATING INGREDIENTS MARKET 248
- 12.6.2.1 Middle East 251
- 12.6.2.1.1 Rising investments in food processing companies to drive food coating ingredients market 251
- 12.6.2.2 Africa 252
- 12.6.2.2.1 Well-developed agribusinesses and food sectors to propel food coating ingredients market 252
- 12.6.2.1 Middle East 251
12.6.3 FOOD COATING EQUIPMENT MARKET 253
- 12.6.3.1 Middle East 257
- 12.6.3.1.1 Increased urbanization and rising consumer preference for healthy food to drive food coating equipment market 257
- 12.6.3.2 Africa 258
- 12.6.3.2.1 Technological advancements in food processing industry to drive market for food coating equipment 258
- 12.6.3.1 Middle East 257
13 COMPETITIVE LANDSCAPE 259
13.1 OVERVIEW 259
13.2 SEGMENTAL REVENUE ANALYSIS FOR KEY PLAYERS 259
13.3 COMPARISON BETWEEN ANNUAL REVENUE AND GROWTH RATES OF KEY FOOD COATING INGREDIENT MARKET PLAYERS 260
13.4 EBITDA ANALYSIS FOR KEY MANUFACTURERS OF FOOD COATING INGREDIENTS, 2022 (USD BILLION) 261
13.5 STRATEGIES ADOPTED BY KEY PLAYERS 261
13.6 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS (FOOD COATING INGREDIENT MANUFACTURERS) 265
13.7 MARKET SHARE ANALYSIS, 2022 266
13.8 EVALUATION QUADRANT MATRIX FOR KEY PLAYERS (FOOD COATING INGREDIENT MANUFACTURERS) 266
13.8.1 STARS 267
13.8.2 EMERGING LEADERS 267
13.8.3 PERVASIVE PLAYERS 267
13.8.4 PARTICIPANTS 267
13.8.5 PRODUCT FOOTPRINT (KEY FOOD COATING INGREDIENT MANUFACTURERS) 269
13.9 COMPARISON BETWEEN ANNUAL REVENUE AND GROWTH RATES OF KEY FOOD COATING EQUIPMENT MANUFACTURERS 272
13.10 EBITDA ANALYSIS FOR KEY MANUFACTURERS OF FOOD COATING EQUIPMENT, 2022 (USD BILLION) 273
13.11 GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS (FOOD COATING EQUIPMENT MANUFACTURERS) 273
13.12 EVALUATION QUADRANT MATRIX FOR KEY PLAYERS (FOOD COATING EQUIPMENT MANUFACTURERS) 274
13.12.1 STARS 274
13.12.2 EMERGING LEADERS 274
13.12.3 PERVASIVE PLAYERS 274
13.12.4 PARTICIPANTS 274
13.12.5 PRODUCT FOOTPRINT (FOOD COATING EQUIPMENT MANUFACTURERS) 276
13.13 COMPETITIVE SCENARIO 280
13.13.1 PRODUCT LAUNCHES 280
13.13.2 DEALS 280
13.13.3 OTHERS 282
14 COMPANY PROFILES 284
14.1 KEY PLAYERS (FOOD COATING INGREDIENT COMPANIES) 284
14.1.1 CARGILL, INCORPORATED 284
14.1.2 KERRY GROUP PLC 290
14.1.3 ADM 294
14.1.4 INGREDION 297
14.1.5 NEWLY WEDS FOODS 302
14.1.6 ASSOCIATED BRITISH FOODS PLC 305
14.1.7 TATE & LYLE 307
14.1.8 SOLINA 310
14.1.9 IDAN FOODS 312
14.1.10 POPLA INTERNATIONAL, INC 313
14.1.11 HOLLY POWDER 314
14.2 KEY PLAYERS (FOOD COATING EQUIPMENT COMPANIES) 315
14.2.1 MAREL 315
14.2.2 GEA GROUP AKTIENGESELLSCHAFT 318
14.2.3 BÜHLER AG 321
14.2.4 JBT 323
14.2.5 TNA AUSTRALIA PTY LIMITED 327
14.2.6 SPICE APPLICATIONS LIMITED 329
14.2.7 CLEXTRAL 331
14.2.8 BESTMACHINERY 332
14.2.9 BETTCHER INDUSTRIES, INC 333
14.2.10 DING-HAN MACHINERY CO., LTD 334
14.3 STARTUPS/SMES (FOOD COATING EQUIPMENT COMPANIES) 336
14.3.1 ABM COMPANY SRL 336
14.3.2 AC HORN MANUFACTURING 336
14.3.3 MIA FOOD TECH 337
14.3.4 NEMCO MACHINERY A/S 337
15 ADJACENT AND RELATED MARKETS 338
15.1 INTRODUCTION 338
15.2 RESEARCH LIMITATIONS 338
15.3 FOOD & BEVERAGES PROCESSING EQUIPMENT MARKET 338
15.3.1 MARKET DEFINITION 338
15.3.2 MARKET OVERVIEW 338
15.4 PREPARED FOOD EQUIPMENT MARKET 340
15.4.1 MARKET DEFINITION 340
15.4.2 MARKET OVERVIEW 340
16 APPENDIX 342
16.1 DISCUSSION GUIDE 342
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 348
16.3 CUSTOMIZATION OPTIONS 350
16.4 RELATED REPORTS 350
16.5 AUTHOR DETAILS 351